Pravin Gordhan wants SAA to fire its entire board. Good idea, or not?

The Minister of Finance is correct in thinking about changing the whole board.

Joachim Vermooten, transport economist

The scale of SAA’s operations needs to be addressed. The more SAA flies the more losses it makes.

Joachim Vermooten, transport economist

Finance Minister Pravin Gordhan publicly stated on Tuesday that South African Airways (SAA) requires a whole new board.

The Money Show’s Bruce Whitfield interviewed independent transport economist Joachim Vermooten.

Scroll down for quotes from the audio below.

There is a policy of frequent rotation of board members at state-owned enterprises.

Joachim Vermooten, transport economist

SAA needs to be held accountable. By not publishing their statements… one worries its financial situation is worse than we think.

Joachim Vermooten, transport economist

One needs to break the cycle of losses.

Joachim Vermooten, transport economist

To fly around empty seats doesn’t add to the welfare of South Africa.

Joachim Vermooten, transport economist

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Article brought to us by Old Mutual.


This article first appeared on 702 : Pravin Gordhan wants SAA to fire its entire board. Good idea, or not?


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